The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain." in the context of ""State Capitalism Comes of Age," Foreign Affairs (May/June 2009)." to mean that wisdom is timeless.